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7569 Bear Creek Drive Fontana, CA 92336

4 Beds 3 Baths 2,419 sqft Built 2002

$559,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $231.09
  • 6 Days on Market
  • MLS # : CV21012034
  • Updated Date : 01/19/2021 at 17:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,419 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Charming North Fontana home offers convenient location and comfortable living with high ceilings, formal living and dining room. Immediately greeted with an open concept floor plan in the kitchen and family room. Upstairs are 4 spacious bedrooms, laundry room, and loft. The home also features a covered porch, low maintenance front yard/backyard and with no neighbors behind! The home is located in the highly desirable Etiwanda School District, close to Victoria Gardens and major freeways! NO HOA!

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)

PRICE & RENT TRENDS

Neighborhood: West End

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k584k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: West End

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
West Heritage Elementary School Primary Regular 598 25 5
Heritage Intermediate School Middle Regular 1,240 48 8
Etiwanda High School High Regular 3,458 126 8

West Heritage Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 25
5
GreatSchools Rating

Heritage Intermediate School

  • Education Level: Middle
  • # of students: 1,240
  • # of teachers: 48
8
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,942
Property Tax -$623
Property Insurance -$86
Property Management Fees -$148
CASH FLOW
-$298

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$559,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,942

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$12,243

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,500

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,667

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6004$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 7569 Bear Creek Drive Fontana, CA 2
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 13218 Woodchase Court Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
  • 13120 Sylvaner Court Rancho Cucamonga, CA 3
    • 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 2002
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.14
    •  
  • 7613 Pinot Place Rancho Cucamonga, CA 4
    • 5 beds 3 baths ∙ 2,502 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,502 Sqft ∙ Built 2003
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.06
    •  
  • 7658 Dante Place Rancho Cucamonga, CA 5
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2011
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.12
    •  
PROPERTY LISTING DETAILS
Aaron Stel
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21012034
Last Updated: 01/19/2021
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